Question: Please help, and show work. Thank you! Problem 10-10 Calculating Project NPV [LO1] Esfandairi Enterprises is considering a new three-year expansion project that requires an

Please help, and show work. Thank you! Please help, and show work. Thank you! Problem 10-10 Calculating Project NPV

Problem 10-10 Calculating Project NPV [LO1] Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of \\( \\$ 2.27 \\) million. The fixed asset will be depreciated straightline to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate \\( \\$ 1,800,000 \\) in annual sales, with costs of \\( \\$ 710,000 \\). The tax rate is 23 percent and the requirod return on the project is 11 percent. What is the project's NPV? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, and round your answer to 2 decimal places, e.9., 1,234,567.89.)

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